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Prosperity for Northerners

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Prosperity for Northerners

Premier McGuinty Announces New Details In Plan For Investment And Jobs

Office of the Premier

SUDBURY/THUNDER BAY -- Ontario's Northern Prosperity Plan is a major step toward the investment, jobs and opportunities that northerners want and deserve, says Premier Dalton McGuinty.

"For Ontario to be the place to be for years to come, we must work to ensure all Ontarians have the opportunity to grow and prosper -- that's what our plan for the north is all about," said Premier McGuinty.

"It's a plan to create jobs in the north by ensuring northerners, their fellow Ontarians, and people from across Canada and the world invest in the enormous potential of this region."

Premier McGuinty announced new details on the three key parts of the plan:

  • A revamped Northern Ontario Heritage Fund Corporation will once again work with northern entrepreneurs, companies and business organizations to create private-sector jobs with a focus on new enterprises, young entrepreneurs, community development, emerging technologies and energy conservation.

  • A proposed Northern Ontario Grow Bonds program would, if passed, fund loans, generally of up to $1 million, to small- and medium-sized businesses in the north by targeting provincially guaranteed bonds to northerners, with the first issue expected as early as this spring.

  • A new GO North program -- designed to aggressively inform, attract and land major investors from outside Ontario -- including $19 million over this year and the next three years to promote northern Ontario to the world.

Premier McGuinty, joined by Minister of Northern Development and Mines Rick Bartolucci and MPPs Michael Gravelle (Thunder Bay-Superior North) and Bill Mauro (Thunder Bay-Atikokan), said the participation and contribution of northerners and their representatives continues to be the key to the success of the plan.

"Our Northern Prosperity Plan will create real opportunities for all northerners and lay the foundation for our future," said Bartolucci.

"It is about empowering northerners and asking them to lead the way in our efforts to bring lasting prosperity to the north."

On his seventh trip to northern Ontario as Premier, McGuinty stressed the importance of northern Ontario -- not just to the government, but also to the province's future.

"Our province can't reach its full potential until the north realizes its extraordinary potential," said Premier McGuinty.

"This plan will empower northerners so they can build a stronger north and a stronger Ontario."

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